Diversified Trust Co Sells 136 Shares of Live Nation Entertainment, Inc. (NYSE:LYV)

Diversified Trust Co cut its stake in shares of Live Nation Entertainment, Inc. (NYSE:LYV) by 5.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,278 shares of the company’s stock after selling 136 shares during the quarter. Diversified Trust Co’s holdings in Live Nation Entertainment were worth $249,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of LYV. Rise Advisors LLC boosted its position in shares of Live Nation Entertainment by 90.3% during the 1st quarter. Rise Advisors LLC now owns 335 shares of the company’s stock worth $35,000 after purchasing an additional 159 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. raised its stake in Live Nation Entertainment by 119.5% during the 2nd quarter. Migdal Insurance & Financial Holdings Ltd. now owns 371 shares of the company’s stock worth $34,000 after buying an additional 202 shares during the period. UMB Bank n.a. boosted its holdings in Live Nation Entertainment by 67.4% in the second quarter. UMB Bank n.a. now owns 437 shares of the company’s stock worth $41,000 after acquiring an additional 176 shares in the last quarter. Family Firm Inc. acquired a new stake in Live Nation Entertainment in the second quarter valued at approximately $42,000. Finally, American National Bank & Trust acquired a new position in shares of Live Nation Entertainment during the third quarter worth approximately $50,000. 74.52% of the stock is currently owned by institutional investors and hedge funds.

Live Nation Entertainment Price Performance

LYV opened at $114.81 on Friday. Live Nation Entertainment, Inc. has a fifty-two week low of $76.48 and a fifty-two week high of $115.27. The firm has a 50-day moving average of $100.20 and a 200 day moving average of $96.89. The company has a debt-to-equity ratio of 9.22, a quick ratio of 0.92 and a current ratio of 0.92. The firm has a market cap of $26.44 billion, a P/E ratio of 108.31, a PEG ratio of 2.65 and a beta of 1.35.

Live Nation Entertainment (NYSE:LYV) last issued its earnings results on Tuesday, July 30th. The company reported $1.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.06 by ($0.03). The firm had revenue of $6.02 billion during the quarter, compared to the consensus estimate of $6.02 billion. Live Nation Entertainment had a net margin of 2.20% and a return on equity of 84.78%. The business’s quarterly revenue was up 7.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.02 earnings per share. On average, research analysts expect that Live Nation Entertainment, Inc. will post 1.21 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on LYV. Benchmark restated a “buy” rating and set a $132.00 price target on shares of Live Nation Entertainment in a research note on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Live Nation Entertainment from $121.00 to $122.00 and gave the stock a “buy” rating in a report on Thursday, August 1st. JPMorgan Chase & Co. lifted their price target on Live Nation Entertainment from $116.00 to $118.00 and gave the company an “overweight” rating in a research note on Wednesday, July 31st. Macquarie increased their price objective on Live Nation Entertainment from $125.00 to $130.00 and gave the stock an “outperform” rating in a research note on Tuesday. Finally, Oppenheimer upped their price target on Live Nation Entertainment from $110.00 to $120.00 and gave the stock an “outperform” rating in a report on Friday, September 6th. One equities research analyst has rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Live Nation Entertainment has an average rating of “Moderate Buy” and a consensus target price of $119.85.

Insider Buying and Selling at Live Nation Entertainment

In other news, CEO Michael Rapino sold 98,849 shares of Live Nation Entertainment stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $97.50, for a total value of $9,637,777.50. Following the completion of the transaction, the chief executive officer now owns 3,702,115 shares in the company, valued at $360,956,212.50. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Jeffrey T. Hinson sold 1,500 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $94.11, for a total value of $141,165.00. Following the completion of the transaction, the director now directly owns 59,789 shares of the company’s stock, valued at $5,626,742.79. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Michael Rapino sold 98,849 shares of the business’s stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $97.50, for a total value of $9,637,777.50. Following the sale, the chief executive officer now owns 3,702,115 shares in the company, valued at approximately $360,956,212.50. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 177,000 shares of company stock valued at $17,238,181 over the last three months. 2.72% of the stock is currently owned by insiders.

Live Nation Entertainment Profile

Live Nation Entertainment, Inc operates as a live entertainment company worldwide. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists.